[Video] Should I Be Long or Short Right Now? Ask the Right Question(s) to Find Out
The most basic question(s) each trader needs to ask themselves is as follows:
What is my risk tolerance?
What is my trade duration?
There is no wrong or right answer, but you need to clearly define your answers and then stick to the plan.
For the example I want to illustrate today, my DXY analysis allows for 2 types of trades to be placed. You either take one, both or none….it all depends on your answers.
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